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FORECAST: The United States
Federal Reserve announced they will hold off on
any rate increases for 2011 and well into 2012, or until
their economy begins to show consistent recovery. Most
Economists do not see this happening in the near future.
This allows the Canadian Central Bank to stay on the
sidelines and avoid previously expected rate increases.
The inflation threat has disappeared causing bond rates
to drop, bringing down the lowest fixed term mortgage
rates seen for some time. The rate drop is providing a
considerable increase in buying power for real estate
purchasers.
